New York State Teachers Retirement System Cuts Stake in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL)

New York State Teachers Retirement System lessened its stake in shares of Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) by 10.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,180 shares of the restaurant operator’s stock after selling 3,790 shares during the period. New York State Teachers Retirement System owned about 0.14% of Cracker Barrel Old Country Store worth $1,459,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Hazlett Burt & Watson Inc. grew its position in shares of Cracker Barrel Old Country Store by 200.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 600 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 400 shares during the period. CWM LLC grew its holdings in Cracker Barrel Old Country Store by 96.3% during the second quarter. CWM LLC now owns 854 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 419 shares during the period. Future Financial Wealth Managment LLC bought a new position in Cracker Barrel Old Country Store during the third quarter valued at $45,000. GAMMA Investing LLC increased its position in Cracker Barrel Old Country Store by 447.2% in the second quarter. GAMMA Investing LLC now owns 1,286 shares of the restaurant operator’s stock worth $54,000 after buying an additional 1,051 shares during the last quarter. Finally, nVerses Capital LLC raised its stake in shares of Cracker Barrel Old Country Store by 375.0% in the second quarter. nVerses Capital LLC now owns 1,900 shares of the restaurant operator’s stock valued at $80,000 after buying an additional 1,500 shares during the period. Institutional investors own 96.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group cut their price target on Cracker Barrel Old Country Store from $55.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. Truist Financial increased their target price on shares of Cracker Barrel Old Country Store from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Loop Capital lowered their price target on shares of Cracker Barrel Old Country Store from $50.00 to $45.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. Bank of America raised their price objective on shares of Cracker Barrel Old Country Store from $40.00 to $42.00 and gave the stock an “underperform” rating in a report on Friday, September 20th. Finally, Argus lowered shares of Cracker Barrel Old Country Store from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $53.57.

Cracker Barrel Old Country Store Stock Performance

NASDAQ CBRL opened at $46.37 on Friday. The company’s 50 day simple moving average is $44.34 and its two-hundred day simple moving average is $45.33. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.61 and a quick ratio of 0.21. Cracker Barrel Old Country Store, Inc. has a 1 year low of $34.88 and a 1 year high of $83.51. The stock has a market capitalization of $1.03 billion, a PE ratio of 25.20, a P/E/G ratio of 1.45 and a beta of 1.42.

Cracker Barrel Old Country Store (NASDAQ:CBRL) last issued its quarterly earnings data on Thursday, September 19th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.19). Cracker Barrel Old Country Store had a return on equity of 18.65% and a net margin of 1.18%. The business had revenue of $894.39 million during the quarter, compared to analysts’ expectations of $898.94 million. During the same quarter last year, the business posted $1.79 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts predict that Cracker Barrel Old Country Store, Inc. will post 2.94 earnings per share for the current fiscal year.

Cracker Barrel Old Country Store Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Friday, October 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, October 18th. Cracker Barrel Old Country Store’s payout ratio is 54.35%.

Cracker Barrel Old Country Store Profile

Cracker Barrel Old Country Store, Inc develops and operates the Cracker Barrel Old Country Store concept in the United States. Its Cracker Barrel stores consist of restaurants with a gift shop. The company's restaurants serve breakfast, lunch, and dinner daily, as well as dine-in, pick-up, and delivery services.